BTC W - INVERTED HEAD & SHOULDRS Still In Play Target Entry 7k

Updated my older publish. Nothing major has changed.
BTC is definitely getting closer and closer to a big move out of its current pennant. Some say it has broken out already but I say it was false.
I do have a personal agenda here, I need lower prices so I can accumulate. I sold all out near the ATH back in 2017/2018 and recently sold all out flat at the 9900 level.

If this IH&S pattern does not play out and we do not see much lower prices in the 7k-4k range prior to a breakout above 10500 I will be like many other people and I will buy the breakout, jump on the crypto rocket and soar to new highs with many of you.

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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.

Good luck, happy trading and stay chill,
2degreez

Comment:

Comment:

This looks like the 1st time since feb26 that the 20ema has significantly crossed the 200ema on the 4hr.
Also, it is the 1st time since covid low uptrend that we have dropped out of the regression uptrend.

4hr 20ema @9177 current resistance.
Daily 100ema current support @8837
Currently holding the 100ema on daily.
Pinching between daily 50ema/100ema @9209/8837

I am looking for 1 more flush down to 200ema on daily 8554.
I would love a flush to 8109 for the double bottom and putting us back to the bottom of the current downtrend channel.

I am bias looking for big time scale ins at 86, 77, 72, 64, 55

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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.

Good luck, happy trading and stay chill,
2degreez

Comment:

Bearish 100ema - 200ema Cross trying to happen on the 4hr for the 1st time since 1March. Lets see how this plays out.